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to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
now" take jenna: twist and turns on the general petraeus scandal coming up for you. veteran john boehner has a big task ahead of him. can the house speaker pull the gop together and try to make a deal with the president on the fiscal cliff as jay leno was talking about. should he? should a deal be made? a fair and balanced debate is coming up. lots of talk how the united states will eventually be world's top oil producer. that is what some say. there are questions why it is taking so long. those stories and breaking news all "happening now." jenna: well, it is a little unbelievable, but there is lot of twists and turns in this scandal we've been following so closely surrounding former cia chief and now others. hi, everybody. glad to have you with us. i'm jenna lee. rick: happy tuesday. i'm rick folbaum in for jon. controversy over the timeline of events over the petraeus investigation with members of congress wanting to know why the fbi didn't notify them and the white house until just recently when it began months ago. that investigation far from over. fbi searching the home of
of those things need to be in play. when john boehner talks about raising revenue he's willing to do that if it only comes in the form of tax reform, not raising tax rates, but actually lore erring tax rates, closing loopholes, broadening the base and you will get more money coming into the treasury. the other part of the equation that is so important which has not been part of the public conversation is cutting spending, not just slowing the rate of growth but actually cutting spending to try to get this deficit under control. i know the republicans don't control the narrative on this but i want to hear more from them on that side of the equation. jon: julie our nodding your head you must agree. >> i think both sides need to come to the table. enough already with these sort of, you know, showmanship, game man ship, these are people's lives that are at stake in this economy. monica is right in that the president does control the upper hand at this point. if nothing is done all the bush tax rates will expire. you have exit polling coming out of the recent election saying two-thirds of
compromise early on? >> reporter: senator john mccain has also called for a select water gaet-style attack. senator carl levin says such a committee is not necessary. also troubling why the fbi did not alert congress about the petraeus's extramarital affair. they say they have protocols when it notifies the legislative and executive branches. jenna: good information for us doug, thank you. we have more on this now. rick: more on benghazi and the testimony we're expecting to hear from general petraeus. we're joined by charlie hirt, a columnist at "the washington times." this will behind closed doors as doug was reporting. i wonder how much of this information is going to get out? certainly the public wants to hear if general petraeus is going to change his story at all? >> certainly i can understand why they chose to make it behind closed doors because it would be the most watched testimony of any hearing i think probably in the last couple years on capitol hill. but it is curious. i don't know what their the real explanation they're going to have to give for why they would put it behind cl
for the taout of the president's cabinet. senator john cornyn r-r joins us next.and see for yourself. are you receiving a payout from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. @ if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. jenna: new information on the deadly tere owe attack in benghazi. hearings are underway right now on capitol hill and lawmakers are still trying to figure out what exactly went wrong on september 11th that led to the murder of four americans. the hearings coming a day after president obama defended u.n. ambassador susan rice who was criticized for her remarks immediately following this attack. she is reportedly in contention to succe
deaths are unavoidable. jon: we will tha be talking later about that. jenna: let's bring in john a than that chanzer the author of hamaz versus fatad. let's talk about the rockets that leland showed us there coming from gaza into israel. you say the rockets tell a story all their own, what is that? >> jenna what we've seen over the last ten years is that hamas has been firing shorter-range rockets into israel. every time it happens you don't sigh the israelis going in and trying to root them them out. we have an interesting story right now, hamas smuggled in what one official described to me as game-changer rockets. they are iranian made. and about a hundred of them were imported into gaza via sudan it appears. and when the israelis learned of the existence of these rockets all it look was one provocation on the part of hamas for israel to go in and wipe out those rockets, and those launchers. that's what we saw for the first day or two of this conflict. now i think the israelis are hunting down some of the smaller rockets that are hitting the areas around there where we just saw a repo
Search Results 0 to 10 of about 11 (some duplicates have been removed)